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A- | India Ratings NCD Senior Secured Bond
12.20%
YTM
₹981.7
Minimum investment
Monthly
Payout
24 Sep 2031
Maturity
11.00%
Coupon Rate
₹1,000
Face Value
Currently subscribed1000 Units available

0% Sold

12.20% / +120 bpsYTM vs coupon

yield above stated coupon

97.8383 / 98.1698Clean / dirty price

Excluding / including accrued interest

About the Issuer

Indel Money is a Kerala-based non-deposit-taking NBFC incorporated in 1986. The company primarily offers gold loans, which account for approximately 94% of its portfolio. As of March 2026, it operates 367 branches across 15 states, with a strong focus on the southern regions of India.

Debenture trustee
Beacon Trusteeship Limited
Issuance date
24 Aug 2026

Why this bond?

  • Senior Secured rated listed redeemable NCDs.
  • Tier-1 Institutional Backing from Kotak & HDFC.
  • Highly secured asset portfolio dominated by gold.
  • 1.00x security cover on hypothecated receivables.

Returns & Cashflow

Units
100

Invest

Selected investment units: 100

Trade & Settlement

Settlement date
04 Sep 2026
Orders placed after 4 PM will be executed on the next business day. Weekends and exchange holidays are skipped.

Totals (For Selected Units)

Price per Unit
₹981.7
Investment amount
₹98,169.81
Total Interest
₹54,996
Total Receivable
₹1,54,996

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